Two weeks after announcing the formation of a new fund manager that will focus on sustainable investments, Stanley Fink has backed a second company dedicated to encouraging more people to invest in the environment.

The well-known investor has backed Beetle Capital Partners (BCP), established by managing partner Gareth Hughes. He established BCP to raise funds and advise investors on placing money in green projects.

Its first initiative will be the launch of a private equity fund of funds early next year. This will be invested in funds that focus on power generation; land, air and water management; and advanced materials and life sciences.

A profile of Stanley Fink is featured in the third edition of Philanthropy UK’s A Guide to Giving, published this week.